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Steve Bisgay, Chief Financial Officer of KCG, commented in the announcement: “Given the progress achieved to date in the integration, we continue to pay down debt ahead of schedule. The total payments to date significantly reduce the interest expense going forward and will provide added flexibility in terms of deploying future liquidity.”

Under the terms of the credit facility, principal prepayments in excess of the $235 million amortization payment due July 1, 2014 will be applied to reduce the remaining scheduled amortization payments of $7.5 million each quarter beginning September 30, 2014 on a pro rata basis. Prepayments however, are permitted at any time without premium or penalty except in connection with certain refinancings.